Ripple 4 Hour Price Update
Updated March 26, 2020 03:18 AM GMT (11:18 PM EST)
Ripple’s 3 four-hour candle positive has officially concluded, as the candle from the previous 4 hours closed down 0.49% ($0.0008). On a relative basis, Ripple was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.
Ripple Daily Price Recap
Ripple came into today up 2.45% ($0.0039) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 21.17% from previous day, but down 1.55% from the Wednesday of last week. Out of the 5 instruments in the Top Cryptos asset class, Ripple ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a daily price chart of Ripple.
Ripple Technical Analysis
Volatility for Ripple has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ripple’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ripple for the past day were:
- From Kevin_Cage_:
When everything that we’ve said happens for the price of $XRP,DO NOT CALL THE ONES THAT RESEARCHED & INVESTED TIME & MONEY “LUCKY”We’ve been here for years. #XRPCommunity
- From Fame21Moore:
Fed printing to oblivion with unlimited QE. I’m sitting here with my silver and XRP just waiting. Watching bad decision after bad decision. I have never been so bullish.
- From Kevin_Cage_:
My texting has not been working for roughly an hour, but I can still access the internet. Super strange. If Cell Reception & Internet Connectivity goes down in the next few weeks, remember I told ya \U0001f937♂️👊Hoping I awaken to a higher $XRP price lol#XRPCommunity #IWillMissYou
As for a news story related to Ripple getting some buzz:
Interest per week Interest per year Interest rate
One of Bitcoin’s key metrics suggests that Bitcoin is overvalued, which means that the bottom might be already in
Bitcoin is no longer trading at a discounted price, according to the popular metric that helps to identify whether the top cryptocurrency is underpriced or overpriced. MVRV Z-score update:\r
1/ Interesting to see that after a brief dip below, market value has now spiked back above realised value….With both Bitcoin’s difficulty and hashrate taking a massive hit due to the exodus of miners in March, it’s safe to assume that Bitcoin’s intrinsic value also declined significantly. Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.